Mosgorlombard shareholders agreed on the conversion of preferred shares
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Shareholders of PJSC MGKL, the parent company of Mosgorlombard, at an extraordinary meeting decided to convert preferred shares into ordinary shares. Convertible securities will be redeemed.
“Each convertible preferred share of the Company with a par value of 0.01 rubles. converted into one ordinary share with a par value of RUB 0.01. 274.3 million preferred shares with a total par value of RUB 2.743 million. converted into 2.743 million rubles. ordinary shares,” says the message on the company website.
The company’s general director, Alexey Lazutin, said that the conversion is being carried out to provide an equal amount of rights to all shareholders. The meeting also decided to rename the company in English to Public Joint Stock Company MGKL.
Trading shares of Mosgorlombard started December 28th. Alexey Lazutin said that the company became the first in the Russian pawnshop industry to go public.
More details in the text “Kommersant” “Debts have reached the lower limit”.
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